Volman meets Burke or My journey with PA

I try not to. But this is crazy. Now everyone will expect a bailout. This creates an environment where they do not need to be RESPONSIBLE for their actions.

Now, Biden did not nationalize the banking system, but his actions can easily lead to that as that seems to be the result of all left politics.

Most think they are saving the average John/Jane from losing their money. Most of the money is the big tech types. I say let them bail out this bank that should never have gotten this big.

Inflation is still here. Could have told you that without the data. It will be here. This is NOT demand side inflation so cranking interest rates as they have will not solve the problem. And most see that. Few realize why. Two main factors causing this. One was the stoppage of new exploration of oil in the US and other western nations along with the stoppage of any new refining facilities. The other is the massive spending by the current US admin and congress.

If you listen to their words they have admitted that this is mostly to change nations to using "renewable" energy for some unproven "climate change" hoax that they have been pushing for 40+ years. To do this they need to artificially slow economies. That is where the interest rate increases come in. They have also stated they are pleased that wages have not increased much. <--- Yes they have said that in so many words.

So, while John and Jane are being pummeled by high inflation - that was created by the same group of people who fuck up everything, parasite politicians - the powers that be continue to shit on them.

Use your minds to think instead of believing every lie that comes out of the parasites mouths.

Done with my rants.








For now ...

One more thing. Interest rates will continue. This bank failure had nothin to do with the raising of interest rates and everything to do with a group of people running an institution that should never have been allowed to become a bank - in the normal sense. When you allow banks to trade with their depositors money bad things tend to happen.

Would like to be wrong about the rates. I am right about the bank.

TRADING

Changing over to June 2023 MES contract.

Did the switch. Everything essentially the same except June is 20 pts higher.

Two days in and not much to show. To be honest, I was feeling a bit overwhelmed. Add onto that the daylight saving thing that screws up my boxes for 2 weeks. Yeah adding this to my Pet Peeve list.

Crazy as it sounds, I put the default Kijun on my M5 and a default Kijun and 130 period Kijun to represent the M5 Kijun on the M1. I am seeing a huge difference. This will also make entries into the pullbacks much clearer. This also fits in with a main way of looking at the charts - GEOMETRIC. Not like Gann or any of them. Just me because my prognostication longer term is not very accurate. Who knew.

Hybrid PA

I think I will stick to the GBPJPY and the MES to trade while I continue my study of market structure trading ala Burke/Benson.

Fixed the Daily 9:30 Open line and fixed my boxes on the MES. May do the same for currencies. In two weeks I will need to switch it back. What a pain.

Only had to change box times on the GJ.

It is odd, I "spring" ahead an hour, have to move my boxes back an hour. Last fall, for some reason, it took me about three full daysto comprehend me going back, but need to move the boxes forward.

After lunch I will throw up some new charts.

Phew - I thought you were going to throw up your lunch

Oh no ... had meat candy. Bacon.

Will have to wait. Laid down and fell asleep.

GBP_JPY structure over last 4 days.

Progress is moving forward very fast. No results as of yet.

Searching out an answer to one question which will clear a lot up. To have, for instance Day1 longs in the market, you need price to move above the previous day's high. The clarification I need is, (1) does price need to close above that high? From what I see, the answer is no. Then that brings up the question of (2) how much price activity do you need above the high to count as Day1 longs?

None of this really had anything to do with the current PA.

There are different day counts. The main day count is the Weekly Template which starts as Monday = Day 1 every week. The other day count is the 3 highs/lows.


To better know what Monday MAY do, you need to consider Friday, and even Thursday at times. In any case Monday puts into place the initial HOW/LOW. This is also known as the OR - Opening Range.

Tuesday comes in and works off Monday. By the EOD Tuesday you often have the HOW or LOW set. Monday's and Tuesday's combined range becomes the IB - Initial Balance. <I am still reading ap on this> I am looking at it as perhaps the framework for the remainder of the week.

Wednesday comes along and will do what price does up, down, and/or sideways (range). In this case they continued with the ruse. The move up into London was more of a grinder, which I think is an indication of the powers accumulating orders in the opposite direction of the grind. Then the floor drops out. Usually some tweet or data that they use to "reason" why it happened.

This is how I felt Monday going full live, and I was not Mike ...

lets get on zoom sometime, let me know in dm